Dogecoin is a cryptocurrency that was forked from Litecoin in Dec 2013. This currency is based on the popular “Doge” internet meme, which features a Shiba Inu dog surrounded by different colours of text written in Comic Sans font. Since Dogecoin has no real technical advantages over other cryptocurrencies, its price can fluctuate wildly due to market sentiment and media attention (positive or negative). Let’s read on to know that how to buy dogecoin on Coinbase.
- Firstly, open the Coinbase app and tap on the “Sign In” button on
The first step to buying Dogecoin is signing up with Coinbase and verifying your account. To signup, click on the “Sign Up” button at the right side of the screen, enter the email address and password for your new account then tap on the “Next” button.
You’ll be taken to a verification page where you will need to provide additional information before continuing. You can skip this part by linking existing social media accounts or connecting through Google+, but it’s unnecessary if you want more privacy protection.
- Enter your name, then tap on the “Next” button
Enter your first and last name, then click on next. The information you provide here is sent to Coinbase directly, so make sure whichever service provider you are using won’t expose this data.
- Enter your phone number, then tap on the “Next” button
Enter your mobile number and click next. Coinbase will send an SMS to verify that you are trying to withdraw money from them. This is a security measure, especially if someone other than you has access to this computer or device. If you do not wish for this information, go public skip by linking existing social media accounts or connecting through Google+. Entering incorrect details will cause account suspension.
- Enter your payment details, then tap on the “Next” button
This last step consists of entering information about how you want to pay and where. If you have a credit card attached, this screen will show up automatically, but if not or choose an alternative option like PayPal clicks on Add Payment Method. Next, please enter your billing address and phone number so Coinbase can verify that it matches what is in their system.
After ascertaining these numbers, select whichever credit/debit cards you’d like to use during purchase (e.g. Mastercard, Visa), enter its security code, then hit Save & Continue.
So this is how you can buy Dogecoin on coinbase securely and safely. Using their mobile app, you can follow similar steps to withdraw money or trade your coins for other cryptocurrencies.